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Bullboard - Stock Discussion Forum Algernon Pharmaceuticals Inc. C.AGN

Alternate Symbol(s):  AGNPF

Algernon Pharmaceuticals Inc. is a clinical-stage drug development company. The Company is focused on developing repurposed therapeutic drugs in the areas of non-alcoholic steatohepatitis (NASH), a type of liver disease, chronic kidney disease (CKD), inflammatory bowel disease (IBD), idiopathic pulmonary fibrosis (IPF) and chronic cough as well as advancing a stroke program using N, N... see more

CSE:AGN - Post Discussion

Algernon Pharmaceuticals Inc. > The Branded Cattle/Catalyst That Never Gets Old
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Post by C10H12N2 on Jan 20, 2023 8:38am

The Branded Cattle/Catalyst That Never Gets Old

Just Remember: Anyone wanting to keep track of how many shares of Algernon Pharmaceuticals have been diluted by Moreau - simply take the current outstanding shares and multiply it by 2 (Two). That is the complete representation of true shares issued when you factor in both the 2 to 1 & 100 to 1 Reverse Splits under Moreau's reign. Thus, Moreau has issued upwards of 500,000,000 shares (Five Hundred Million) to date, not including fire sale warrants. I think you still have an offering on the table in Canada to raise money for the "parent" company. You also have the Camouflaged Dilution Deal to raise 10M USD for the "subsidiary" company. When you put the two companies together with combined shares, Moreau will have diluted the entire company by 1,200,000,000 (One Billion Two Hundred Thousand) outstanding shares, not including fire sale warrants. ^That's the full picture you are facing moving forward, if not actually backwards <  > ?
 
 
Comment by C10H12N2 on Jan 20, 2023 1:19pm
Correction: Multiply the current outstanding shares by 200 (Two Hundred).
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